what type of unemployment is most likely to be eliminated if macroeconomic stability is achieved A....

what type of unemployment is most likely to be eliminated if macroeconomic stability is achieved

A. cyclical

B. structural

C. frictional

D. natural

Solutions

Expert Solution

In this case if macroeconomic stability is achieved then structural type of unemployment is most likely to be eliminated because structural unemployment means the complete industrial reorganization due to the technological change and to control the fluctuations in supply or demand.
So here option B is correct.
Option A represents the cyclical unemployment and it is the result of overall changing demand for goods and services in an economy and cannot be fully supported by the criteria of full unemployment it required the economic growth in a slow base in different projects.
Option C is not applicable because frictional unemployment means the existence of unemployment situation when there is a shift of one job from the another job.
Option B is also not applicable because natural rate of unemployment means a common unemployment which is the outcome due to the structural change of labour forces and the replacement of Technology.

Rahul Sunny answered 1 year ago

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